Solera Announces Strategic Partnership with Axalta, a Leading Global Supplier of Liquid and Powder Coatings

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Solera and Axalta partner together to accurately calculate CO2 emissions per vehicle repair.

WEST LAKE, Texas, May 21, 2024--(BUSINESS WIRE)--Solera, the global leader in vehicle lifecycle management, today announced a strategic partnership with Axalta (NYSE: AXTA), a leading global supplier of liquid and powder coatings. Through this strategic partnership, Axalta’s conventional and Fast Cure Low Energy (FCLE) refinish paint systems will be integrated into Solera’s Sustainable Estimatics platform, enabling Axalta Customers to analyze their CO2 emissions per repair, considering repair methods (repair versus replace), paint application process, and drying conditions.

By partnering with Solera, Axalta is the first refinish paint manufacturer to provide the data to accurately calculate the CO2 emissions of products and processes used during the repair rather than general industry averages. Under the BELEAF umbrella, Axalta provides high performing eco-conscious products, innovative tools and optimal resources to help body shops minimize their environmental footprint while contributing to their business’ success. Solera Sustainable Estimatics for Paint is a new resource that highlights Axalta’s commitment to sustainability and the BELEAF initiative.

"We are excited to partner with Solera and introduce a new solution to the market," said Troy Weaver, President of Global Refinish at Axalta. "This technology aligns with Axalta’s ongoing commitment to sustainability as we set out to become Carbon Neutral by 2040 and was designed with our customers in mind to help them achieve their sustainability goals. By accurately calculating CO2 emissions per repair, our customers can make data-driven decisions to help lower their carbon footprint while also benefiting their bottom line."

Due to the EU’s Corporate Sustainability Reporting Directive (CSRD), many countries will require businesses to track and report their emissions by 2025. Sustainable Estimatics for Paint makes it easy to analyze Scope 1, 2, and 3 CO2 emissions, allowing organizations to present credible and verified carbon emission figures. Customers will also be able to review dashboards to analyze their overall collision repair footprint and benchmark against regional, country-specific, and industry-wide data. Together with Solera, Axalta provides the products, tools, and resources to help refinish customers reduce their impact on the environment.

Arnaud Agostini, International Managing Director at Solera commented: "Working with Axalta was a very natural course of action for us as part of our Sustainable Estimatics solution. The ability to measure carbon emissions is becoming more prevalent across the world, with an ever-increasing number of governments looking to advocate its measurement to understand the environmental impact of vehicle repair on the planet.